CAMBRIDGE, Mass. – Facebook CEO Mark Zuckerberg and his wife, Priscilla Chan, are giving Harvard University $12.1 million to help low-income undergraduate students pursue public service jobs. Continue Reading Below The Cambridge, Massachusetts, school announced Monday that the grant from the Chan Zuckerberg Initiative will provide financial support for up […]
FOX Business News
2 Big Reasons You Can’t Rely on Social Security During Retirement
Social Security benefits make up about a third of the average retiree’s monthly income, according to the Social Security Administration. But close to half of unmarried beneficiaries rely on Social Security for at least 90% of their income. Continue Reading Below It certainly makes sense to take Social Security into […]
Alec Baldwin settles lawsuit against New York art dealer
NEW YORK – Alec Baldwin has settled a lawsuit in which he accused a prominent New York City art dealer of fraud. Continue Reading Below The actor tells The New Yorker magazine gallery owner Mary Boone agreed to write him a “seven-figure check” to settle his allegation she sold him […]
Senate bill easing financial rules gains bipartisan support
WASHINGTON – A bipartisan group of senators on Monday announced a deal on legislation to provide banks and credit unions relief from some of the stricter regulatory requirements approved after the 2008 financial crisis. Continue Reading Below The lawmakers said the measure is targeted at helping local community banks, but […]
Amazon or Walmart? Some retailers are choosing alliances
NEW YORK – Store chains feeling the upheaval in retail are making strategic alliances — and that can mean picking sides. Continue Reading Below Kohl’s shoppers can find Amazon devices at some stores, and return items they bought from the online retailer. Nike has made some of its sneakers available […]
Here’s How Snap’s Spectacles Charge Was Broken Down
Snapchat operator Snap (NYSE: SNAP) ate a $39.9 million charge related to Spectacles last quarter, due to the company grossly overestimating demand and ordering way too many units. Many of those units were reportedly collecting dust in warehouses, making a writedown all but inevitable. It was initially unclear how that […]
Apple’s iPhone X Reportedly Costs $370 to Build
Market analysts with IHS Markit recently published a cost analysis of Apple‘s (NASDAQ: AAPL) new iPhone X. The iPhone X with 64 GB of storage is priced at $999, but IHS Markit claims that the device costs just $370 to manufacture. Continue Reading Below Previous IHS Markit reports estimated the […]
The Latest: Man says brother’s abuse is ‘hard to imagine’
HARTFORD, Conn. – The Latest on a public hearing about abuse at Connecticut’s maximum-security hospital (all times local): Continue Reading Below 3:35 p.m. A brother of the patient allegedly abused at Connecticut’s only maximum security psychiatric prison is coming forward publicly for the first time, urging legislators to continue investigating […]
Shooting in hospital parking lot leaves 1 dead, 1 injured
MASSILLON, Ohio – A shooting in an Ohio hospital parking lot has left one person dead and another injured. Continue Reading Below Authorities in Massillon (MAS’-ih-luhn) say it appears it was an attempted murder and suicide. A man who lives near Affinity Medical Center tells The Independent newspaper he heard […]
Wall Street ticks up, GE drops after slashing dividend
Stocks recorded modest gains Monday on a day when General Electric (GE) struggled after announcing a cut to its dividend. Continue Reading Below The Dow Jones Industrial Average added about 17 points. The S&P 500 gained 2 points, while the Nasdaq Composite rose 6 points. GE, which now expects weaker […]